Payments News

On The Web

nbsp;

Use

Higher Growth to Enable Cannabis Business Banking

“California’s North Bay Credit Union partnered with Austin Capital Trust Company and Silicon Valley FinTech MRBD to create the Credit Union Service Organization (CUSO) HigherGrowth, the Credit Union Times reported. The new CUSO, which has been in development for more than two years, will enable credit unions and community banks to provide financial services to […]
nbsp; nbsp;

Use

U.S. Consumer Credit Grows in August at the Smallest Rate in Seven Months

“Revolving credit, like credit cards, rose at a 4% rate in August after a 7% increase  in the prior month. This is down from a 22% jump in July.  Non-revolving credit, typically auto and student loans, rose at a 4.1% rate for the second straight month. This category of credit is ordinarily much less volatile […]
nbsp; nbsp;

On The Wires

nbsp;

Use

Modern Treasury Launches Virtual Accounts to Streamline Payment Reconciliation

“Modern Treasury , a payments operations software platform, today announced its Virtual Accounts product to make it easy for companies to quickly and accurately track and reconcile payments at scale. The launch of Virtual Accounts further solidifies Modern Treasury’s leadership in enabling companies to modernize, automate and accelerate payments.”
nbsp;

Use

Chargebee and Worldline Partner on Subscription and Payment Management Integration to Improve Customer Engagement and Retention

“Worldline, the European leader in the payments and transactional services industry and #4 player worldwide, and Chargebee, the leading subscription billing and revenue management platform, today announced their collaboration to provide an end-to-end payment, subscription and revenue operations solution for merchants operating in a subscription model. With a single, integrated solution, Worldline and Chargebee help […]
nbsp;

Use

Mastercard and Citi Expand Partnership to Further Financial Inclusion and Sustainability Efforts

“Mastercard and Citi today announced a new partnership to support local residents and small businesses through greater public-private sector collaboration. Through City Possible , Mastercard’s partnership and co-creation framework for cities, the two global leaders will bring their collective resources, expertise, and integrated urban development frameworks to the City Possible network.”
nbsp;

Use

DepositLink Pay Provides Brokers and Title Companies With an Easy Way to Eliminate Paper Checks

“DepositLink, the industry-leading provider of secure digital payment solutions for real estate, introduces an innovative product enhancement for brokers and title companies. DepositLink Pay, the next generation of digital payment technology, further reduces the friction and inefficiency of processing paper checks for earnest money and commission payments. With DepositLink Pay, a broker, agent, or title […]
nbsp;

Use

PayNearMe Introduces MoneyLine, a Next-Gen Platform Developed to Simplify the Payment Experience for IGaming Players and Operators

“PayNearMe, the modern and reliable payments experience company known for making payments easy for both businesses and customers, today announced MoneyLine, the company’s new platform designed to manage the complexities of iGaming money movement. PlayLive!, the online casino affiliated with Live! Casinos & Hotels in Philadelphia and Pittsburgh, is among the first to use MoneyLine […]